news & press

In the face of a new year, Boston’s development community says more housing is a necessity if the city expects to continue courting corporations and the office expansions they provide.

As Boston loiters in the HQ2 purgatory awaiting Amazon’s short list, two of its biggest names in CRE think the city is on solid footing. But that does not mean Beantown is invincible.

Top Hotels in New England: Readers' Choice Awards 2017

The approaching holiday season may have you wondering where you should book your next getaway. Before planning a New England vacation, take note of the region’s top hotels, courtesy of Condé Nast Traveler. The magazine ranked the best places to stay in Boston and New England as a whole based on feedback from its readers.

Kendall Square in Cambridge has roared to become one of the hottest life science and tech markets in the country, making the nearby Massachusetts Institute of Technology an important player in real estate and brain capital.

The Mount Vernon Company recently purchased 1200 Soldiers Field Road as its new corporate headquarters. Purchased for $3.8M from Intercontinental Real Estate Corporation, the building consists of approximately 19,000 SF and 38 underground parking spaces. It resides directly on Soldiers Field Road at the intersection of Everett Street. Frank Petz of Jones Lang LaSalle brokered the transaction on behalf of Intercontinental Real Estate Corporation.

Boston developer Mount Vernon Co. is moving to where a big piece of the action is in the multifamily market. The company, which owns more than 1,500 apartment units in Greater Boston including nearly 1,000 in Allston-Brighton, acquired a new 19,250-square-foot headquarters at 1200 Soldiers Field Road from Intercontinental Real Estate Corp. on May 24 for $3.8 million. It will relocate from Haddon Hall at 29 Commonwealth Ave. in mid-August, founder and Chairman Bruce Percelay said.

In some communities around Boston, officials see partially empty parking lots at apartment complexes and wonder whether it’s time to ease space requirements for new construction. In the city, efforts to make housing more affordable by building fewer parking spaces don’t always sit well with neighbors, who worry the newcomers’ cars will invade street spaces. As ever, figuring out where to park a car in Massachusetts is complicated.